Third Party Authorization Form Template for Singapore

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Key Requirements PROMPT example:

Third Party Authorization Form

"I need a Third Party Authorization Form that allows my Singapore-based finance manager to make investment decisions and execute trades on behalf of my company for a six-month period starting January 2025, with specific limitations on transaction values above SGD 500,000."

Document background
The Third Party Authorization Form is essential in situations where an individual or entity needs to delegate specific powers or authority to another party under Singapore law. This document is commonly used for financial transactions, healthcare decisions, property matters, or business operations. It must specify the scope of authority, duration, and any limitations while adhering to Singapore's legal requirements including data protection and electronic transaction regulations. The form serves as legal evidence of the authorization and protects all parties involved by clearly defining the parameters of the delegated authority.
Suggested Sections

1. Authorization Details: Specific powers being granted to the third party

2. Principal Information: Details of the person/entity granting authorization

3. Authorized Party Information: Details of the person/entity receiving authorization

4. Duration of Authorization: Timeframe for which the authorization is valid

5. Signature Block: Execution section for all relevant parties

Optional Sections

1. Specific Limitations: Additional restrictions on the authorization's scope, used when the authorization needs to be limited in specific ways

2. Revocation Terms: Conditions under which the authorization can be revoked, included when specific revocation conditions need to be specified

3. Indemnification: Protection clauses for the authorized party, included when the authorized party requires protection from liability

Suggested Schedules

1. List of Authorized Activities: Detailed enumeration of specific authorized actions

2. Identification Documents: Copies of relevant ID documents of principal and authorized party

3. Corporate Resolution: Board resolution authorizing the delegation (required when principal is a company)

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Personal Data Protection Act (PDPA): Singapore's primary data protection legislation governing consent requirements for sharing personal data, obligations for collection, use and disclosure of personal information, and data protection requirements

Electronic Transactions Act (ETA): Legislation governing electronic transactions, including requirements for electronic signatures, legal recognition of electronic records, and validity of electronic documents

Evidence Act: Legislation specifying requirements for documentary evidence and the admissibility of authorization documents in legal proceedings

Mental Capacity Act: Law ensuring the person giving authorization has the mental capacity to do so and defining requirements for valid consent

Contract Law: Common law principles governing elements of valid contracts, requirements for clear authorization terms, and principles of agency law

Banking Act and Financial Regulations: Regulations governing financial transactions, banking compliance, and anti-money laundering requirements when authorization involves financial matters

Companies Act: Corporate legislation covering corporate authority requirements and board resolution requirements for corporate authorizations

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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